Affirm Holdings

Deutsche Bank: Cut Affirm Holdings (Nasdaq:AFRM) price target to $12 Maintain hold rating

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Deutsche Bank analyst Bryan Keane lowered its price target on Affirm Holdings (Nasdaq:AFRM) to $12 from $18 and maintained its hold rating on the stock. The analyst noted that the company reported lower-than-expected revenue growth and was at the bottom end of the guidance due to lower than guidance on total merchandise transactions and revenue net of transaction costs. He added that Affirm has now expressed willingness to compromise on gross merchandise volume growth to guarantee credit quality.

Deutsche Bank: Cut Affirm Holdings (Nasdaq:AFRM) price target to $12 Maintain hold rating Read Post »

DA Davidson: Lowered Affirm Holdings(Nasdaq:AFRM) price target to $20 Maintain Buy rating

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D.A. Davidson analyst Christopher Brendler lowered Affirm Holdings(Nasdaq:AFRM) price target to $20 from $24, but maintained a buy rating on the stock. The analyst told investors in a research note that the company’s second-quarter results were disappointing overall, but remained bullish on Affirm’s pricing moves to improve its top-line trend in the second half of the year. He further noted that the improvement in credit quality is “a big plus to secure funding,” while predicting that the company will be a “long-term winner” in the pay-as-you-go space.

DA Davidson: Lowered Affirm Holdings(Nasdaq:AFRM) price target to $20 Maintain Buy rating Read Post »

Affirm Holdings (Nasdaq:AFRM) had cumulative revenue of $761 million for the first six months of fiscal 2023

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Affirm Holdings (Nasdaq:AFRM) released its fiscal 2023 Q2 financial report, with cumulative revenue of $761 million in the first six months of fiscal 2023, compared to $630 million in the same period last year, an increase of 20.75% year-on-year. The cumulative net loss in the first six months of fiscal 2023 was US$574 million, compared to a cumulative net loss of US$466 million in the same period last year, an increase of 23.02% year-on-year. Affirm now expects fiscal 2023 revenue of $1.475 billion to $1.550 billion, compared to its previous expectation of $1.6 billion to $1.675 billion and the consensus expectation of $1.64 billion. The company expects gross merchandise trading (GMV) of $19 billion to $20 billion, compared with its previous forecast of $20.1 billion to $21.5 billion.

Affirm Holdings (Nasdaq:AFRM) had cumulative revenue of $761 million for the first six months of fiscal 2023 Read Post »

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